Permian drill rig count dropping
Sliding US rig count outpaces efficiency gains,
In the Permian basin - the largest U.S. oil field, spanning from Texas to New Mexico - some 24 rigs were dropped over a ten-week period
Permian Basin sees continued drop in oil and gas rigs in 2025
Drilling activity''s decline has reached nine weeks, falling to levels not seen in nearly four years. Oilfield services company Baker Hughes said Friday its weekly U.S. rig count sank seven rigs
Rig count slump stretches to 10 weeks
US oil and gas rig count drops to its lowest since 2021, with drilling activity down for the 10th straight week, signaling a deepening industry slump.
U.S. rig count rises by 1 after slump, Baker Hughes says
1 day ago· Baker Hughes reports the U.S. rig count at 537, up 1 on the week, with oil rigs up 2 to 414, gas down 1 to 118; Texas added 2 rigs.
Permian Slowdown: New Well Permits Dip as
From January to June 2025, new well permits in the Permian totaled approximately 3,828, based on daily activity and forecasted June completions.
Permian, Texas rig counts continue decline to lowest since
Baker Hughes said as of Aug. 15 there were 255 rigs in Permian (down 1 in the past week, down 48 or 16 percent from 303 a year ago) and 242 rigs in Texas (down 1 in past
US drilling activity falls to lowest level since December 2021
Drilling activity slumped for a second consecutive week, falling to the lowest level since December 2021. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count
Fewer Rigs, Bigger Payoff: US Oil Production
The current consolidation trend amongst E&Ps have companies optimizing operations and capital budgets—and with that comes a drop in rig
US oil and gas rig count hits lowest level since
The Permian Basin rig count fell by six to 298, its lowest level since February 2022. Credit: Igor Hotinsky/Shutterstock. The number of
Permian Rigs Slide 10% in 1H24 with More Downside Ahead
While both sides of the Permian have lost rigs, the largest drop has occurred in the Delaware sub-basin. Overall, rig counts in the Delaware have fallen by 24 since the start of the
US Drillers Cut Oil & Gas Rigs for First Time in 3 Weeks
Understanding the Recent Decline in US Drilling Activity The US energy sector has witnessed a significant shift in drilling operations, with the
Midland County rig count holds steady while US as a
Looking at trailing 30-day drilling permits, Enverus said the Permian had 761 permits as of the week ended Nov. 8, up from 694 the
US drilling activity rises, led by Permian Basin surge
Drilling activity surged in the last week of January, led in large part by activity in the Permian Basin. Oilfield services firm Baker Hughes said
Basin rig count down three as prices tumble
The rig count in the Permian Basin was down three this week, the latest count Friday by Baker Hughes shows, with 294 rigs active in the region. A year ago, 317 rigs were
U.S. rig count drops for first time in three weeks,
The number of drilling rigs in the U.S. fell for the first time in three weeks, declining by 3 to 584, according to the latest survey from Baker Hughes.
US rig count falls for seventh week as drilling hits lowest level
Enverus said its Permian Basin rig count was little changed at 270 rigs for the week ended June 6 and is down 30 rigs or 10% from 300 the previous June.
U.S. rig count continues to decline while Permian count remains
Count of active drilling rigs in U.S. continued its decline, but the count in Permian Basin remained at 304 for the seventh straight week. The last gain in the U.S. count was Dec.
Midland County rig count falls to 17; US total continues slide
Midland County extended its losing streak, dropping three rigs — the steepest decline among Permian Basin counties — for 17 rigs at work in the county. Right behind was Upton County
Midland county rig count holds steady; Permian Basin dips by 3
Drilling activity resumed its decline this week, driven by oil-directed drilling. Oilfield services firm Baker Hughes said Friday its weekly U.S. rig count fell two rigs to 542, falling for
Permian, Texas rig counts follow US count lower
Drilling activity continues to fall, and halfway through 2024 is approaching three-year lows. Oilfield services firm Baker Hughes said the U.S. rig count it has issued weekly
US Oil and Gas Rig Count Declines Led By Losses in Permian
US oil and gas rig count fell for the sixth consecutive week, falling to 559 for the week ending June 6 according to Baker Hughes data, a decline of four vs. a week ago. Rigs
Permian Basin sees continued drop in oil and gas rigs in 2025
Enverus'' Permian Basin rig count sank seven rigs to 262 for the week ended June 20 and is down 30 rigs or 10% from 292 a year earlier. The most active play, the Delaware
Permian Basin Growth Despite Rig Reductions | East
East Daley believes the Permian Basin will drop another 10 rigs by YE26 before leveling off at ~280 rigs. At an average rig count of 292 throughout 2024, the
US oil and gas rig count falls to lowest since January,
Total rig count falls six to 578, oil down five, gas steady Gulf of Mexico rig count drops to lowest since September 2021 Permian shale rig
Sliding US rig count outpaces efficiency gains,
Falling U.S. rig count threat to oil production Lower 48 oil production expected to fall next year, analysts say Permian rig count to fall
